Gold is witnessing strong upmove and is looking overstretched

2024-10-16 10:51:13 am | Source: Tradebulls Securities

Gold is witnessing strong upmove and is looking overstretched - Tradebulls Securities Pvt Ltd

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Gold

Gold is witnessing strong upmove and is looking overstretched. Sell on rise near 75700 for tgt of 75200 and stoploss of 75900

Crude Oil

Crude Oil is trying to recover after sharp sell off. However the sharp fall is expected to continue on back of no retaliation from Israel to Iran. So sell on rise near 6020 for tgt of 5850 and stoploss of 6120.

BASE METAL UPDATE

Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform.

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Gold is witnessing strong upmove and is looking overstretched - Tradebulls Securities Pvt Ltd

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